Photonews Logo Photonews logo
  • Home
  • Pakistan
    • Punjab
    • Sindh
    • Khyber Pakhtunkhwa
    • Azad Jammu Kashmir
    • Balochistan
    • Gilgit – Baltistan
  • World
  • Business
  • Entertainment
  • Videos
    Gen V Season 2 trailer
    Videos

    Gen V Season 2 Trailer Cast, Plot, Premiere Details

    July 26, 2025 3 Min Read
    IShowSpeed Daniel La Belle race
    Videos

    IShowSpeed Beats Daniel La Belle in 40-Meter Race, Hits 41M Subscribers

    June 24, 2025 2 Min Read
    Cardi B new single Outside
    Videos

    Cardi B’s ‘Outside’ Single Sparks Buzz Over Offset and Stefon Diggs

    June 20, 2025 2 Min Read
  • Sports
  • Technology
  • Offbeat
  • Blog
  • Contact
Reading: Donald Trump Fails to Secure $464 Million Bond in New York Fraud Case
PhotoNews Pakistan PhotoNews Pakistan
Font ResizerAa
Search
  • Home
  • Pakistan
    • Punjab
    • Sindh
    • Khyber Pakhtunkhwa
    • Balochistan
    • Azad Jammu Kashmir
    • Gilgit – Baltistan
  • World
  • Business
  • Entertainment
  • Videos
  • Sports
  • Technology
  • Offbeat
  • Blog
  • Contact
Have an existing account? Sign In
Follow US
© 2022 Photonews. All Rights Reserved.
Trump cryptocurrency
PhotoNews Pakistan > Top News > Donald Trump Fails to Secure $464 Million Bond in New York Fraud Case
Top NewsWorld

Donald Trump Fails to Secure $464 Million Bond in New York Fraud Case

Web Desk
By Web Desk Published March 19, 2024 2 Min Read
Share
Donald Trump. Photo: Erin Schaff (Getty Images)
SHARE

Former US President Donald Trump faces challenges securing a private company willing to underwrite the $464 million (£365 million) bond required following a civil judgment related to fraud charges in New York state.

As reported by the BBC, Trump is compelled to either pay the full amount in cash or secure a bond to proceed with an appeal. On the final day of the trial, Trump’s legal representatives said obtaining a bond of such magnitude was practically impossible.

Trump lawyers say getting $464m bond in fraud case an 'impossibility' https://t.co/rmMzlprTBA

— BBC News (World) (@BBCWorld) March 18, 2024

Trump’s search for bonding companies capable of covering this amount has been unsuccessful, as revealed in a legal document submitted to the court.

Donald Trump's efforts to secure a bond to cover a $454 million judgment in a New York civil fraud case was rejected by 30 surety companies, his lawyers said, inching him closer to the possibility of having his properties seized https://t.co/Vvayz504w2 pic.twitter.com/03CtidksG0

— Reuters (@Reuters) March 18, 2024

Donald Trump Jr., Trump’s eldest son, is also implicated in this significant financial liability. Judge Arthur Engoron imposed a three-year prohibition on their involvement in business activities within the state, citing an overvaluation of assets to secure favourable loan conditions.

Although a stay on Trump’s business restrictions was approved last month, the request to lower the bond from $300 million to $100 million was not granted.

BREAKING: CNN drops bombshell, reveals that Trump’s lawyers just told the New York appeals court overseeing the his civil fraud case that Trump “can’t find an insurance company to underwrite his bond to cover” his $454 million bond.

But it gets even WORSE for Trump…

CNN also… pic.twitter.com/GjYyKCfRpa

— Occupy Democrats (@OccupyDemocrats) March 18, 2024

Former federal prosecutor Diana Florence remarked on the rarity of imposing such severe penalties on individuals, noting they are more typically applied to corporations.

Despite Forbes estimating Trump’s net worth at around $2.6 billion, with $400 million in liquid assets, the $464 million judgment and other legal costs place him in substantial financial difficulty.

TAGGED:Donald TrumpFeatured
Share This Article
Facebook Twitter Pinterest Whatsapp Whatsapp LinkedIn Email Copy Link Print
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Advertisement

HBL Saving Made Easy
HBL Saving Made Easy

Recent Posts

Michigan Walmart stabbing 2025

11 Injured in Random Stabbing Attack at Michigan Walmart

Joao Felix Al-Nassr transfer

Al-Nassr Nears £44M Deal for Chelsea’s Joao Felix

Pakistan vs India Asia Cup 2025

BCCI Confirms India-Pakistan Clash in Asia Cup 2025, Rejects Withdrawal Rumors

Post Archives

More Popular from Photonews

Pakistan vs West Indies 2025 squad
Sports

Pakistan Cricket Squad Unveiled for 2025 West Indies T20I and ODI Series

3 Min Read
Hulk Hogan cause of death 2025
Sports

Hulk Hogan Cause of Death: Wrestling Legend Dies at 71

3 Min Read
Gilgit-Baltistan floods 2025
Gilgit - Baltistan

Six Tourists Killed in Deadly Floods Hit Gilgit-Baltistan

2 Min Read
Balochistan

Balochistan Honor Killing Video: Man and Woman Shot Dead in Shocking Public Execution

A disturbing video surfaced on social media on July 20, 2025, showing armed men publicly executing…

July 21, 2025
Business

Dawood Jan Muhammad and AKD Holding Aquire 56% Shares of PC Hotel Chain

Pakistan Services Limited (PSL), the company that operates the Pearl Continental Hotels chain, recently announced a…

July 21, 2025
Tech

Microsoft Warns of Cyber-Espionage Campaign with Ransomware Targeting SharePoint Vulnerability

Microsoft announced that a cyber-espionage campaign has intensified, exploiting vulnerabilities in its SharePoint server software and…

July 24, 2025
Punjab

Hammad Azhar to Surrender in May 9 Cases

Hammad Azhar, a leader of the Pakistan Tehreek-e-Insaf (PTI), announced on July 25, 2025, that he…

July 25, 2025
PhotoNews Pakistan

Always Stay Up to Date

Subscribe to our newsletter to get our newest articles instantly!

Categories

  • World
  • Pakistan
  • Punjab
  • Sindh
  • Khyber Pakhtunkhwa
  • Balochistan
  • Azad Jammu Kashmir

 

  • Top News
  • Business
  • Entertainment
  • Sports
  • Videos
  • Tech
  • Offbeat
  • Blog

© 2024 Phototnews
All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?